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NQ Range/Targets (09-21-22)

Fed Day two stage post. Yellow is pre rate price action range. I mentioned yesterday that 11936 may be tough for O/N to pass, the NAZ did drop to test TLX 11865. The yellow range is well established and I expect the NAZ will break above 11936. The 2 white arrows are break outs for and after the rate announcement. The 11865 to 12056 range and set ups. Look for trades that can go from these KL's to the nearby tip of white arrow or opposite white arrow. Use 11936 as center or mid range (above 11936 Long and below is Short). I typically do not trade on Fed Day, I may or may not update the post with calls.

IDS 50, 11865 to 12056

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NAZ above 11936, look for retest back to 36, Hold is bounce to 12056 and fail is drop to 11865. Tight Range all night, I am just watching for now.

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3rd Yellow Should be buy zone.

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Break lower, look at whites, Should be range for most of morning. 12016 - 56, may be max pre release high.

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11980 is strong rejection level, careful at level.

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Next retest or drop, Slow Grinder is loosing steam.

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Pass 47, heading to the whites. I am stepping out.

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Mentioned 80 as tough spot. The red arrows are a slow roller head fake long. Under 97 is strong Short.

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97 strong short

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IDS 27, yellow line is short zone and short on white bars.

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DZ lift will break as weakness continues. Watch for high negative ticks. will try for 80 now.

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Large Mop Zone, 47 did hold for 3 hits. Now retest 80 and 97.

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Normal DZ PA or flow is off since release is later. 47 4 hits. Under bottom of 1st 30M is likely a drop out of zone. Stays in and we should see lift.

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Multiple bars to 80, rejected at 80 and drops in 2-3 bars.

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Range is 97 to 47, scalp back and forth. Close all near release.

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IDS 50, NAZ rotating around Mid Channel.

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Before you go long above any Open High, notice that the NAZ has not and usually does not gain above the high of the O/N high. Usually we see a drop prior to a O/N high pass. This may happen or may be way off since we have a release today. A pass of 90 will need a retest from above prior to a decent run higher. This is a common head fake play. Open Range high is 97.

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NAZ at retest and needs to get back up or this was a Long trap head fake. If so back to 80 then 47.

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Stalling at highs. Pop prior to drop? Watch the Ticks.

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NAZ staying high with normal Ticks. May see a snap here.

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SNAP.

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Wow, 12056 to 11640? 11865 hit and retest must hold.

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11865 is KL, Look long above and short below.

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11827 is yesterday low, another KL.

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Stop at 11865

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Scalp if you can

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11901 to 11815 is range for scalps. Back to bottom of 1st 30M test.

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11936 is KL test, mentioned yesterday. under 12056 is expected. This is target trading. Cant type the trades.

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Mid Channel is blocking lift.

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Normal fed day, Ticks way high, next round of selling may be tomorrow. Dip bought for now.

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Outside day reversal confirmed. Play from Mid Range.

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300 point range Fed day is mild, so far.

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NAZ at 1%, Dow at .50% and SP at .75%, Not the big 5% or so. This is not good and not sure what will lift the NAZ in days to follow.

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NAZ pulled off head fake long trap and is back at Mid Range, unreal.

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Yellow are targets.

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Under 36

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11936 just keeps showing up. I hade a good fortune cookie LOL.

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Lower stop

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11640 is actually in play, lower stop

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Stop is at 65, long fake pop may be the last head fake prior to deep drop.

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Trade fermée manuellement

stop at 11815, Stop or hit target.

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I was not expecting a 4 way day. I have noticed that the NAZ will make bigger counter moves just after a NEW big Move. These are like Ultimate Set Ups that many are not expecting. These are becoming more and more common, mot sure why.

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Closing at 11648

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I wanted to point out today's price action and the conviction. Each black is Dead Zone and the blue is Closing hour. two thin lines are open 30, other is O/N. Notice the IDS 50 price activity as compared to other days. In a range bar chart, each bar is painted when the price moves. The point is the point movement or activity with today. The 1st day on chart was CPI, notice the O/N 500 point 15 minute drop. I think we may see some huge O/N limit down selling now. Careful with Longs in O/N.

MAZing

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MAZing